As September 9 looms in, a new report by Bloomberg suggests that Apple may be reaching agreements with Visa, MasterCard, and American Express that incorporates mobile payments into the next-gen iPhones.
The new iPhone 6 has been reported to come with NFC technology that has been absent in Apple’s previous phones. While Apple has taken jabs at competitors’ use of NFC (bumping phones to pass files), it seems to have been planning to incorporate the technology as long as there is a business use for it – if the agreement with the credit card giants is indeed true.
While Touch ID has been welcomed as more of a convenience in unlocking the iPhone and making iTunes purchases, the security it provides along with NFC and the Visa/ MasterCard/ American Express agreement can herald a new era of mobile payments that Google has attempted before but failed to gain significant traction in. The challenge though would remain the same: the acceptance of the retailing industry for the use of this technology.
Source: Bloomberg
